Core Insights - The education sector experienced a rise of 1.78% on November 28, with China High-Tech leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Education Sector Performance - China High-Tech (600730) saw a significant increase of 10.03%, closing at 12.61 with a trading volume of 784,100 shares [1] - Other notable performers included: - Qiantong Education (300359) up 2.77% to 5.93 with a trading volume of 214,300 shares [1] - Zhonggong Education (002607) up 2.70% to 2.66 with a trading volume of 1,237,700 shares [1] - The overall trading volume and turnover for the education sector were substantial, indicating active market participation [1] Capital Flow Analysis - The education sector saw a net inflow of 76.38 million yuan from institutional investors, while retail investors experienced a net outflow of 82.42 million yuan [2][3] - Key stocks with significant capital inflows included: - Dou Shen Education (300010) with a net inflow of 47.70 million yuan [3] - Zhonggong Education (002607) with a net inflow of 39.39 million yuan [3] - Conversely, stocks like ST Dongshi (603377) and Kede Education (300192) faced net outflows, indicating mixed investor sentiment [2][3]

Core Viewpoint - The company, Oriental Fashion Driving School Co., Ltd., is undergoing a judicial auction of shares held by its controlling shareholder due to debt disputes, while also facing uncertainties regarding its restructuring process and potential delisting risks [2][9][12]. Group 1: Judicial Auction Details - The shares to be auctioned are 2,000,000 unrestricted circulating shares held by the controlling shareholder, Oriental Fashion Investment Co., Ltd., representing approximately 0.28% of the company's total share capital of 714,909,792 shares [2][3]. - The auction is scheduled to take place from December 28, 2025, to December 29, 2025, on the JD.com judicial auction platform, with a starting price of RMB 7,218,000 and a deposit of RMB 721,800 [3][4]. - The auction is a result of a court's decision due to debt disputes, and the outcome remains uncertain, with the buyer restricted from selling the shares for six months post-acquisition [2][3][7]. Group 2: Restructuring and Financial Status - The company is currently in a pre-restructuring phase, having received a court decision to initiate this process, but has not yet entered formal restructuring, leading to uncertainties regarding its future [2][9][12]. - The company has faced negative opinions from auditors regarding its internal controls, which has resulted in its stock being subject to risk warnings due to continuous losses over the past three fiscal years [9][10][11]. - The company's net profits for the last three fiscal years were reported as -69.57 million, -373.02 million, and -902.56 million, indicating ongoing financial distress [10]. Group 3: Shareholder and Control Structure - As of the announcement date, Oriental Fashion Investment holds 49,650,000 shares, accounting for 6.94% of the total share capital, while the actual controller, Mr. Xu Xiong, holds 250,000 shares, or 0.03% [5][6]. - If the auction is successful, the combined shareholding of Oriental Fashion Investment and its concerted parties will decrease to approximately 6.14% of the total share capital [6].

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-198 转债代码：113575 转债简称：东时转债 东方时尚驾驶学校股份有限公司 关于公司股票被实施其他风险警示相关事项的 进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （二）目前公司经营情况正常，公司会持续完善内控制度的执行和审计监督 机制，全面梳理和规范内控流程，加强对重点风险领域的内控检查，切实保证内 控制度的有效执行，不断提升公司规范运作水平，维护好公司及全体股东的合法 权益。 重要内容提示： 截至本公告披露日，东方时尚驾驶学校股份有限公司（以下简称"公司"） 尚处于预重整阶段，并未收到法院关于进入重整程序的相关法律文书，公司后续 能否进入正式重整程序存在不确定性。根据《上海证券交易所股票上市规则》第 9.4.1 条规定，若法院依法受理申请人对公司的重整申请，公司股票将被实施退 市风险警示。 北京德皓国际会计师事务所（特殊普通合伙）（以下简称"德皓国际"， 曾用名"北京大华国际会计师事务所（特殊普通合伙）"）对公司 2023 年、2024 ...

| 证券代码：603377 | 证券简称：ST 东时 | 公告编号：临 | 2025-197 | | --- | --- | --- | --- | | 转债代码：113575 | 转债简称：东时转债 | | | 东方时尚驾驶学校股份有限公司 关于控股股东所持公司部分股份将被司法拍卖的 提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次拟拍卖的股份为东方时尚驾驶学校股份有限公司（以下简称"公司"） 控股股东东方时尚投资有限公司（以下简称"东方时尚投资"）持有的公司 2,000,000 股无限售流通股，约占公司总股本（因公司处于可转换公司债券转股 期，数据为截至 2025 年 11 月 26 日，下同）714,909,792 股的 0.28%。 目前该事项尚在公示阶段，后续将涉及竞拍、缴款、股权变更过户等环 节，拍卖结果尚存在不确定性。受让方在受让上述股份后 6 个月内，不得减持其 所受让的股份。公司将密切关注后续进展情况，并及时履行信息披露义务。 公司于 2025 年 7 月 10 日收到北京市第 ...

南财智讯11月27日电，ST东时公告，北京市大兴区人民法院将于2025年12月28日10时至2025年12月29 日10时止（延时除外）在京东网司法拍卖网络平台公开拍卖公司控股股东东方时尚投资有限公司持有的 200万股股票（证券代码603377）。本次拍卖的起拍价为人民币721.80万元，保证金为72.18万元，增价 幅度为3.00万元。拍卖原因为债权债务纠纷，申请人向法院申请强制执行上述股票。截至公告披露日， 该事项尚在公示阶段，后续结果存在不确定性。受让方在受让上述股份后6个月内不得减持其所受让的 股份。 ...

Core Viewpoint - The company faces significant financial challenges, including a negative opinion on the effectiveness of internal controls for the 2023-2024 financial report and three consecutive years of negative net profit before and after deductions from 2022 to 2024, leading to uncertainty about its ability to continue as a going concern [1] Financial Performance - The 2024 financial report indicates ongoing concerns regarding the company's ability to sustain operations, with continuous negative net profits over three years [1] - The stock is under additional risk warnings, being designated as "ST东时" due to these financial issues [1] Corporate Actions - The controlling shareholder and related parties are expected to resolve issues related to non-operating fund occupation by August 2025, which may lead to the removal of risk warnings [1] - The possibility of entering a restructuring process remains uncertain, and if a court accepts a restructuring application, the stock will face delisting risk warnings [1] Regulatory Issues - The company is under investigation for suspected information disclosure violations, and a conclusive opinion has not yet been received [1]

New Stock Listings - Nant Technology (920124) listed at an issue price of 8.66 on November 27, 2025[1] - Tianpu Co., Ltd. (605255) is in the offer period from November 20 to December 19, 2025[1] - Jianglong Shipbuilding (300589) and Huasheng Lithium Battery (688353) reported significant abnormal fluctuations[1] Abnormal Fluctuations - Multiple companies including ST Wanfang (000638) and ST Dongyi (002713) have reported abnormal trading activities[2] - Companies such as ST Suwu (600200) and ST Yanshan (000608) are also under scrutiny for unusual market behavior[3]

Core Viewpoint - The education sector experienced a slight decline of 0.26% on November 27, with Kevin Education leading the losses, while the overall market showed mixed results with the Shanghai Composite Index rising by 0.29% and the Shenzhen Component Index falling by 0.25% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3875.26, up 0.29% [1] - The Shenzhen Component Index closed at 12875.19, down 0.25% [1] - The education sector's performance was mixed, with individual stocks showing varying degrees of gains and losses [1] Group 2: Individual Stock Performance - Kevin Education (002659) saw a significant decline of 4.17%, closing at 6.20 with a trading volume of 638,400 shares and a transaction value of 39.9 million [2] - China High-Tech (600730) led the gains in the education sector with a rise of 5.33%, closing at 11.46 [1] - Other notable performers included Guomai Technology (002093) with a 3.01% increase and Kede Education (300192) with a 1.28% increase [1] Group 3: Capital Flow - The education sector experienced a net outflow of 21.34 million from institutional investors, while retail investors saw a net outflow of 21.00 million [2] - Conversely, speculative funds recorded a net inflow of 42.34 million into the education sector [2] - Major stocks like Guomai Technology and China High-Tech attracted significant net inflows from institutional investors, indicating selective interest [3]

Core Viewpoint - The announcement details the judicial auction of 3,000,000 shares held by the controlling shareholder of Dongfang Shijiao Driving School Co., Ltd, which represents approximately 0.42% of the company's total share capital, amid ongoing pre-restructuring proceedings [2][3]. Group 1: Auction Details - The shares being auctioned are 3,000,000 unrestricted circulating shares held by Dongfang Shijiao Investment Co., Ltd, the controlling shareholder, scheduled for auction from November 24 to November 25, 2025 [2][3]. - The auction results indicate that all 3,000,000 shares were successfully bid on, with the auction process requiring the winning bidder to pay the remaining auction amount and complete related procedures [4]. Group 2: Shareholding Structure Post-Auction - As of the announcement date, the controlling shareholder holds 49,650,000 shares, which is 6.94% of the total share capital. After the auction and pending transfer, this will reduce to 46,650,000 shares, or 6.53% [4][5]. - The actual controller, Xu Xiong, directly holds 250,000 shares, representing 0.03% of the total share capital, and together with the controlling shareholder, they will hold 46,900,000 shares, or 6.56% post-auction [5]. Group 3: Company Status and Future Uncertainty - The company is currently in a pre-restructuring phase, having received a decision from the Beijing First Intermediate People's Court to initiate pre-restructuring, with the outcome of formal restructuring still uncertain [2][3]. - The company has not yet received legal documents regarding entering formal restructuring, and if the court accepts the restructuring application, the company's stock may face delisting risk warnings [2][3].

Core Insights - The education sector experienced a significant increase of 3.65% on November 25, with Kede Education leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Education Sector Performance - Kede Education (300192) saw a closing price of 23.95, with a remarkable increase of 19.99% and a trading volume of 427,900 shares, amounting to 987 million yuan [1] - Kevin Education (002659) closed at 6.25, up 10.04%, with a trading volume of 263,200 shares and a transaction value of 162 million yuan [1] - Dou Shen Education (300010) closed at 7.00, up 4.17%, with a trading volume of 1,188,100 shares and a transaction value of 836 million yuan [1] - Other notable performers include Zhong Gong Education (002607) with a 3.09% increase, and Chuangye Tihua (300688) with a 2.90% increase [1] Capital Flow Analysis - The education sector saw a net outflow of 24.09 million yuan from institutional investors and 47.95 million yuan from retail investors, while individual investors contributed a net inflow of 72.04 million yuan [2] - Kede Education had a net inflow of 243 million yuan from institutional investors, while Kevin Education experienced a net inflow of 71.27 million yuan [3] - Dou Shen Education and Zhong Gong Education had smaller net inflows of 16.33 million yuan and 11.98 million yuan, respectively [3]